This report is compiled from company releases, business journals and newspapers from around the state. If you have an item for these listings please:

mail it to:
For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293

or e-mail it to ForTheRecord@va-business.com,
or fax it to (804) 649-6311

Mergers and Acquisitions
Advanced Engineering and Research Associates Inc. of Alexandria, a provider of information technology, engineering and logistics services, was acquired for $38 million in cash by New York-based EDO Corp., a supplier of highly engineered products for governments and industry worldwide. (Business Wire)

CoreFacts, a Chantilly-based firm specializing in complex business investigations, acquired Trelex of Falls Church, an international investigations and corporate intelligence firm. (Business Wire)

Cornerstone Realty Income Trust Inc., a property management firm headquartered in Richmond, entered into an agreement with Merry Land Properties of Georgia, to merge into a wholly owned subsidiary of Cornerstone. The planned merger is structured as tax-free with total consideration of the transaction valued at $136 million. (PR Newswire)

LandAmerica Financial Group, a Richmond provider of real estate services, plans to purchase the business operations of New York Land Services Inc. and Land Title Agency of New Jersey. (Press release)

NEC Eluminant Technologies Inc. of Chantilly, a developer of access products, was acquired by Zhone Technologies Inc. of Oakland, Calif., a provider of access solutions for voice, data, video and content to service providers worldwide. (Business Wire)

Remtech Services Inc. of Newport News, a provider of IT solutions and other business processes, is being acquired by SCB Technology Inc., a Memphis-based provider of IT consulting, outsourcing and staffing services. (Press release)

Sensytech Inc. of Newington, a provider of electronic support systems, plans to purchase all of the outstanding shares of common stock of Codem Systems Inc., a Merrimack, N.H.-based producer of hardware and systems compatible with skills used by the Communications Group of Sensytech. (Press release)

TransMontaigne Inc., of Denver, Colo., which provides a range of services to users of petroleum chemical products, has purchased a 500,000-barrel terminal in Fairfax. The terminal, hich supplies products in the Washington, D.C. area, will expand the company's reach in the Mid-Atlantic market. (Business Wire)

TruSecure Corp., a network-security firm based in Herndon, plans to acquire Vigilinx Inc., a provider of similar services headquartered in Parsippany, N.J. (The Washington Post)

Wachovia Securities of Richmond, agreed to combine retail brokerage forces with Prudential Financial Inc. of Manhattan, retaining the Wachovia Securities name, making Richmond home to the nation's third-largest brokerage in client assets under management. (Richmond Times-Dispatch)

Deals
Convera, a Vienna-based software maker, announced that Superior Information Services, an online public record firm, integrated Convera's RetrievalWare into its newly launched Bankruptcy Clearinghouse offering to help customers search more efficiently. (Business Wire)

Cortani Morrison Tobin Advertising and Public Relations of Virginia Beach, was appointed agency of record for HMSHost of Bethesda, Md., a developer and operator of food and beverage and retail brands in the travel industry.(Press release)

Loudon Hospital Center of Leesburg, part of Loudon Healthcare Inc., reached an agreement on a four-year contract renewal with Hartford, Conn.-based Aetna, a provider of a variety of health care coverage products, to provide covered hospital services for Aetna members in Northern Virginia. (PR Newswire)

MicroStrategy® Inc. of McLean, a worldwide provider of business intelligence software, was selected by Hallmark Cards Inc., to provide its MicroStrategy Business Intelligence Platform™ as its standard for business reporting, analysis and information delivery. (PR Newswire)

Richmond International Raceway reached an agreement on a three-year contract with General Motors to continue sponsoring both of the track's NASCAR Winston Cup Series races. (PR Newswire)

New Plants and Companies
AFG Industries of Kingsport, Tenn., a glass manufacturer, plans to locate a new glass-coating operation in Washington County, creating 80 jobs through a $30 million investment in a 150,000-square-foot facility. Virginia competed with Kentucky, North Carolina and Tennessee for the project. (Press release)

Great Lakes Companies Inc., a Wisconsin-based developer, plans to break ground near Williamsburg on Great Wolf Lodge, a $30 million 380,000-square-foot resort. It will offer an indoor water park with slides, pools and hot tubs and nightly room rates that will rank among the highest in Hampton Roads.(Daily Press)

The Home Depot, a home improvement retailer, plans to create 125 jobs in Frederick County through a $25 million investment in a 750,000-square-foot distribution center expected to open in the fall of this year. (Press release)

Marvin Windows and Doors of Warroad, Minn., a manufacturer of doors and windows for residential and commercial development, plans to build a $32 million factory in the Valley Gateway Commerce Center in Roanoke County, creating 350 jobs by the end of 2008. (The Roanoke Times)

Smithfield Foods, a hog farmer and pork producer, plans to invest $20 million to build facilities that convert swine waste into ecologically friendly diesel fuel. Production in Utah is expected to begin in October in what the company says is an effort to handle waste streams more efficiently. (The Virginian-Pilot)

Vidette Group, a sales company based in Roanoke plans to establish headquarters in a part of the InSystems Technologies building in downtown Roanoke, employing between 56-100 people. (The Roanoke Times)

Executive Promotions
Christopher S. Nigon, CEO, New Ravenna Mosaics in Exmore. (Press release)

Vincent D. Kelly, president and CEO; Stan F. Sech, COO; George Z. Moratis, CFO; Royce Yudkoff, Chairman of the Board of Directors, Metrocall Holdings Inc. in Alexandria. (Business Wire)

Michael J. Ward, chairman and CEO in addition to role of president, CSX Corp. in Richmond. He has held various positions in his 25-year business career with the railroad. (PR Newswire)

Steven B. Daniels, president and COO, DIMON Inc. in Danville. He previously held the position of VP/Operations Director. (02/24/03, PR Newswire)

Thomas N. Kelly Jr., EVP and COO, Nextel Communications Inc. in Reston. He most recently held the position of EVP and chief marketing officer. (Business Wire)

Thomas W. Reedy Jr., VP and treasurer, CarMax Inc. in Richmond. (PR Newswire)

William W. "Willie" Cone, COO, Jamestown 2007 in Williamsburg. (Press release)

Contracts
Anteon International Corp., Fairfax: $11.5 million over five years to support the U.S. Air Force Research Laboratory in Dayton, Ohio, by providing technology and professional management support in a wide range of task areas. (PR Newswire); $9.6 million over five years from the Chief of Naval Operations to support the Director of Surface Warfare by providing systems engineering, information technology and analytical support. (PR Newswire);$6.8 million by the U.S. Army Program Executive Office for simulation, training and instrumentation, to provide two mobile military operations on urban terrain training systems. (PR Newswire); $82 million over five years by BearingPoint Inc., to support U.S. Navy and foreign military sales for the E-2C and C-2 aircraft programs by providing systems engineering, program management and technology services support. (Press release)

BearingPoint Inc., McLean: $24 million, if all options are exercised, to modernize the Passport Office systems for the Government of Ireland's Department of Foreign Affairs. (PR Newswire)

CACI International Inc., Arlington: $103 million prime contract with three base years and two two-year options from the U.S. Navy. Contract will support Navy Enterprise Maintenance Automated Information System Data Center operations at the Navy Sea Systems Command site in Norfolk. (PR Newswire)

DynCorp, Reston: $50 million over three years to help the Defense Security Service investigate backgrounds of individuals requesting security clearances. (Press release); $12.9 million blanket purchase agreement over two years to support the personnel security program for the Department of the Navy. (Press release); $85 million, 57-month contract in recompetition to support Naval training activities at the Southern California Offshore Range. It will provide operational, engineering and administrative support services at the 100,000-square-mile range. (Press release)

General Dynamics (Armament and Technical Products unit), Falls Church: $9 million initial increment of a $53.8 million contract by the U.S. Army Aviation and Missile Command, Redstone Arsenal, Huntsville, Ala., for development of the Advanced Precision Kill Weapon System. (PR Newswire)

General Dynamics (Decision Systems unit), Falls Church: $59.9 million cost-plus-fixed-fee contract with all options exercised with a potential value of $791 million, to enhance the current version of the U.S. Army's Land Warrior system. (PR Newswire)
General Dynamics (Electric Boat), Falls Church: $16.3 million from the U.S. Navy to provide planning and material procurement in support of the USS Springfield depot modernization period. (PR Newswire)

General Dynamics (Land Systems), Falls Church: $15.9 million from the U.S. Marine Corps System Command to provide the Systems Development and Demonstration phase of the Advanced Amphibious Assault Vehicle program to be completed by June 2005. (PR Newswire)

ManTech International Corp. (Investigative Services Joint Venture), Fairfax: $50 million blanket purchase agreement over three years from the Naval Air Systems Command to provide personnel security investigation services to supplement the capabilities of the Defense Security Services. (Business Wire)

MAXIMUS, Reston: $20 million for multiple Justice Solutions software contracts to implement its CourtView® software application and some other integrated software products including JuryView™ and JailView®. (Business Wire)

Northrop Grumman (IT sector), Herndon: $118 million with an initial base period of nine months and nine one-year options from the IRS to provide the Service Center Recognition Image Processing system. (Press release); $23 million for dry docking work on the nuclear-powered submarine USS Minneapolis-St. Paul in Newport News. (Press release)

Orbital Sciences Corp., Dulles: potential $238 million over ten years from the U.S. Air Force to provide space launch and missile defense target vehicles using deactivated Peacekeeper ICBM assets; potential $238 million over ten years to provide services utilizing U.S. government-supplied Minuteman rocket motors. (PR Newswire)

PEC Solutions Inc., Fairfax: $10 million if all options are exercised over five years from the Federal Aviation Administration to develop mission critical systems. (Business Wire)

Primagraphics, Charlottesville: a contract by the Sensis Corp. to supply its radar video processor technology by developing airport surface detection equipment designed to cut the increasing numbers of runway incidents at busy commercial airports. (Business Wire)

SI International, Reston: $50 million extension to its Command, Control, Communications, Computer, Information, Intelligence, Surveillance and Reconnaissance Engineering and Technical Support Contract to support the U.S. Air Force Space Command, North American Aerospace Defense Command and U.S. Strategic Command. (Press release)

SteelCloud Inc., Dulles: $1.5 million from the Department of Defense for specialized computer systems to be used in conjunction with a homeland defense initiative. (PR Newswire)

Veridian Corp., Arlington: multiple-award, indefinite-delivery/quantity $23.9 million contract over seven years from the Air Force Research Laboratory at Wright-Patterson AFB, Dayton, Ohio to develop advanced electronic protection techniques. (Reuters)

VSE Corp. (Land Systems division), Alexandria: $712 million multiple-award, indefinite-delivery/quantity Rapid Response support contract over two years from the U.S. Army Communications-Electronics Command at Fort Monmouth, New Jersey. (PR Newswire); $75 million subcontract over five years to provide administrative, management and technical support services to support the Program Executive Office for Combat Support and Combat Services Support at the U.S. Army Tank-automotive & Armaments Command at Warren, Mich. (PR Newswire)

XO Communications Inc., Reston: $1.5 million over three years from Hitachi Metals America, to serve as Hitachi's primary data network provider throughout the U.S. (Business Wire)

Cutbacks and Closings
Aerialscope Inc., a firetruck builder owned by Clintonville, Wis.-based Seagrave Fire Apparatus, plans to relocate its operations from a leased plant in Richmond to Wisconsin by May in an effort to streamline manufacturing. (Richmond Times-Dispatch)

American Airlines, a passenger air service based in Fort Worth, Texas, plans to close its reservations call center in Norfolk, eliminating more than 500 local jobs. (The Virginian-Pilot)

Dominion Energy, a subsidiary of Dominion Resources Inc. of Richmond, abandoned plans to build a power plant in Person County, N.C., due to the changing market conditions. (Richmond Times-Dispatch)

General Electric, plans to eliminate 55 more jobs at its Salem plant due to lagging demand for power generation equipment and turbine controls. (The Roanoke Times)

NTelos Inc., a mobile phone service provider headquartered in Waynesboro, plans to close its Portsmouth call center by mid-summer, eliminating 100 jobs as a cost-cutting move. (The Virginian-Pilot)

Southern States Cooperative Inc., a business farming solutions provider based in Richmond, plans to close its Richmond feed mill and transfer the local feed-manufacturing work to other mills, including those in Harrisonburg and Vinton. (Richmond Times-Dispatch)

Divestitures
AES Corp., a global power company based in Arlington, completed the sale of two Australian generation businesses in transactions valued at approximately $173 million providing AES with about $59 million in net equity proceeds after expenses. (Business Wire)

Star Scientific Inc. of Chester, a tobacco company, plans to sell its cigarette business to North Atlantic Trading Co. Inc., a tobacco products company based in New York City, for $80 million in order to focus on alternative, smokeless tobacco products, sales of tobacco leaf and the licensing of patented technologies. (Richmond Times-Dispatch)

Expansions
AMSEC, a joint venture of Science Applications International Corp. and Northrop Grumman Newport News, provider of a variety of engineering services to both the Navy and commercial maritime industry, plans to add 250 high-paying jobs to its local work force over the next two and a half years. (The Virginian-Pilot)

Bassett Furniture Industries of Bassett, a manufacturer and marketer of branded home furnishings, plans to move production from its Dublin, Ga., wood bedroom plant to its Superior Lines plant in Bassett, a move that will add about 50 workers. (The Roanoke Times)

Chesapeake Hardwood Products Inc., an importer of hardwood plywood and lumber headquartered in Chesapeake, plans to invest approximately $4 million to expand its Chesapeake manufacturing plant, creating 50 jobs. (Press release)

Gray Hawk Systems Inc., an Alexandria-based provider of professional engineering services for the federal government, plans to expand its operations across the Commonwealth through a $8.7 million investment, creating more than 200 jobs. Virginia competed with California, Florida and Texas for the expansion. (yesvirginia.org)

The Holiday Inn Select - Koger South Conference Center in Chesterfield County, plans to invest several million dollars on renovations to the hotel's conference space and guestrooms. (Press release)

Managed Objects of McLean opened its San Francisco office, the fifth location in the U.S. and the seventh worldwide,to addressing the growing regional demand for its Business Service Management software. (Business Wire)

Novozymes Biologicals, a Denmark biotech company, announced its third acquisition in eight months, Milwaukee-based Semco Bioscience, a supplier of naturally occurring microorganisms for use in cleaning products and for treating industrial and municipal waste. (The Roanoke Times)

STIHL Inc. of Virginia Beach, a worldwide manufacturer of outdoor power equipment, plans to expand operations in the resort city through a $60.8 million investment in a 228,000-square-foot addition to its U.S. headquarters, creating 200 jobs. Virginia competed with Brazil, Germany and China for the project. (Press release)

US Airways and US Airways Express of Arlington, plan to increase service between Ronald Reagan Washington National Airport and three Florida destinations - Jacksonville, Orlando and Tampa. (PR Newswire)

US Airways, an Arlington-based airline, filed an application with the U.S. Department of Transportation for route authority to operate nonstop round-trip service between Mexico City and both its Charlottesville and Philadelphia hubs. (PR Newswire)

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Real Estate
Advantis Real Estate Services Co., a full-service real estate firm based in Atlanta, announced that Arnold Worldwide, a creative agency of Boston, subleased 26,700 square feet at 1600 International Drive in McLean. (Press release)

Atlantic Realty Cos. of Tysons Corner, purchased Sunset Business Park, a 19-acre property in Herndon for $14.5 million from Sunset Venture and Travel.com. (Press release); purchased 41 acres in Ashburn from Loudoun Intertech Development for construction of 300,000 square feet of retail, professional office, condominium and hotel space starting in late 2003. (Press release)

Buchanan Partners, a real estate developer based in Gaithersburg, Md., broke ground on Phase II of a 12-acre, 145,500-square- foot office/flex/industrial project in Manassas to be completed in spring 2003. (Press release)

Capital One Financial Corp., a holding company with principal subsidiaries, Capital One Bank and Capital One F.S.B., relocated its corporate headquarters from Falls Church to McLean.( PR Newswire)

Mills Corp. of Arlington, a self-managed real estate investment trust, completed the acquisition of 100% interest in five mall properties from Cadillac Fairview, totaling $532 million before transaction costs. (Business Wire)

NCI Information Systems Inc., an information technology services provider, leased 76,716 square feet in the 1.2 million-square-foot Plaza America mixed-use development, which will serve as the firm's new international headquarters. (Press release)

Thomas Road Baptist Church in Lynchburg bought the 888,000-square-foot industrial building that once turned out Ericsson cell phones for $10.6 million. (The News & Advance)

TRINDCO, a manufacturer of high end countertop surfacing materials based in Suffolk, bought a 4.3 acre- site at Suffolk Industrial Park where its plans to build a $1 million, 20,000-square-foot facility. (Press release)

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Financing
Cryptek Inc., a Sterling-based provider of information security solutions, secured a $10 million Series B funding round led by Westbury Partners, a private equity investment firm of Westbury, N.Y., and Walden Capital Partners, a small business investment company of New York City. (Business Wire)

Dominion, a producer of energy headquartered in Richmond, completed the sale of $700 million of senior unsecured notes representing replacement financing for tendered Dominion Fiber Ventures notes. (Business Wire)

Talk America of Reston, an integrated communications provider, purchased in the open market $4 million principal amount of its 12% Senior Subordinated Notes due 2007 and prepaid $1.5 million of its 8% Convertible Notes due 2006. (Business Wire)

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Noteworthy
Cortani Morrison Tobin Advertising and Public Relations, a marketing communications provider headquartered in Virginia Beach, won an APEX Award of Excellence in the Marketing and Public Relations Video and Electronic category for Candle in the Window, a TV commercial produced for Northern Virginia Electric Cooperative. (Press release)

Ed Schrock, a Virginia Beach Republican congressman, has been tapped by party leaders to chair one of four subcommittees of the House Small Business Committee. (The Virginian-Pilot)

John C. Hermansen, CEO and co-founder of Language Analysis Systems Inc., was named one of Boston-based Fast Company magazine's "Fast 50 Champions of Innovation" for 2002 in the Thrill of Invention category. (Business Wire)

Malcolm Pirnie Inc., an environmental solutions provider with an office in Newport News, is a finalist in the American Council of Engineering Companies' 37th annual Engineering Excellence Awards competition for designing the rehabilitation of a water transmission line serving Winchester. (Press release)

Michael L. Grimes, president and CEO of Stewart & Stevenson Services Inc., was elected to the Board of Directors of the Pittson Company, a business and security services company. (Business Wire)

Rob McCormick, chairman and CEO of SAVVIS Communications, a global managed IP services and managed hosting provider, was named "Person of the Year" by Service Provider Weekly magazine and is featured on the cover of the premier issue. (Business Wire)

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